COLORADO CONTRACTS & FORMS PRACTICE QUESTIONS & ANSWERS, 100% ACCURATE, GRADED A+/| latest update 2024/25|

COLORADO CONTRACTS & FORMS PRACTICE QUESTIONS & ANSWERS, 100% ACCURATE, GRADED A+/ In Colorado approved sales contract, the Additional Provisions must contain only A) Commonly used clauses. B) Transaction specific terms. C) Any terms agreed to by the seller and broker. D) Any terms agreed to by the seller and buyer. Question 20 / 10 points - -B) Transaction specific terms. If the buyer and seller agree to facsimile signatures, when is the latest by which original signatures must be obtained? A) 10 days before closing. B) 10 days after obtaining facsimile signatures. C) At closing or earlier on request of the buyer or seller. D) Original signatures are not required if facsimile signatures are legi - -C) At closing or earlier on request of the buyer or seller. Prior to signing the contract of sale, Colorado Law provides that a lead-based paint disclosure signed by the seller and the licensee must be handed to the buyer: A) If the building was built prior to January, 1978. B) If a building permit was issued prior to January, 1978. C) If the property is intended for any residential use and a building permit was issued prior to January, 1978. D) If the property is intended for any residential use. Question 4 - -C) If the property is intended for any residential use and a building permit was issued prior to January, 1978. Under Colorado case law, a title company is permitted to offer closing services including legal document preparation as: A) A co-broker. B) An independent contractor. C) A scrivener of the broker. D) An agent of the seller. Question 5 - -C) A scrivener (notary) of the broker